McGraw Hill Inc
MHConsumer Defensive·Education & Training Services·USA·Mid·NYSE·Nov 11 • 9:09 AM ET
Price
MH against its 20, 50 and 200-day averages40.6% under 18.00 on 25 Nov 2025. Last 15 sessions, 47.2% high to low
Profile
MHMcGraw Hill, Inc. is a holding company, which engages in the provision of content and digital education solutions. It operates through the following segments: K-12, High Education, Global Professional, and International. The K-12 segment consists of blended digital and print learning solutions for end-to-end core, supplemental, and intervention curricula for K-12 schools. The High Education segment offers digital course experiences for nearly every subject through the flagship Connect solution. The Global Professional segment covers global content provision of medical and engineering learning solutions and support for learners and educational institutions. The International segment includes digital and print solutions for various countries and languages outside the United States. The company was founded in 1888 and is headquartered in Columbus, OH.
| Index | RUT |
|---|---|
| Employees | 4400 |
| IPO | Jul 24, 2025 |
| Beta | -0.59 |
| ATR, 14d | 0.78 |
| Rel volume | 0.49 |
| Short float | 10.79% |
| Insider own | 87.26% |
| Inst own | 14.66% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 2.05B |
| Enterprise Value | 4.42B |
| Income | 73.77M |
| Sales | 2.08B |
| Book/sh | 4.58 |
| Cash/sh | 1.22 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | 0.00% |
| Employees | 4400 |
| IPO | Jul 24, 2025 |
Ratios
| P/E | 27.81 |
|---|---|
| Forward P/E | 5.44 |
| PEG | - |
| P/S | 0.98 |
| P/B | 2.33 |
| P/C | 8.79 |
| P/FCF | 7.99 |
| EV/EBITDA | 5.69 |
| EV/Sales | 2.12 |
| Quick Ratio | 0.67 |
| Current Ratio | 0.78 |
| Debt/Eq | 2.97 |
| LT Debt/Eq | 2.94 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | 0.38 |
|---|---|
| EPS next Y | 1.97 |
| EPS next Q | 0.16 |
| EPS this Y | -3.74% |
| EPS next Y | 0.21% |
| EPS next 5Y | -0.94% |
| EPS past 3/5Y | - - |
| Sales past 3/5Y | 2.59% - |
| EPS Y/Y TTM | 170.78% |
| Sales Y/Y TTM | -0.70% |
| EPS Q/Q | -18.16% |
| Sales Q/Q | -5.53% |
| Earnings | Nov 05 BMO |
| EPS/Sales Surpr. | 4.73% 0.46% |
Ownership
| Insider Own | 87.26% |
|---|---|
| Insider Trans | 0.01% |
| Inst Own | 14.66% |
| Inst Trans | -3.14% |
| ROA | 1.26% |
| ROE | 8.83% |
| ROIC | 2.14% |
| Gross Margin | 64.22% |
| Oper. Margin | 16.05% |
| Profit Margin | 3.55% |
| SMA20 | -18.22% |
| SMA50 | -18.07% |
| SMA200 | -14.39% |
| Trades | - |
Technical
| Shs Outstand | 191.31M |
|---|---|
| Shs Float | 24.37M |
| Short Float | 10.79% |
| Short Ratio | 4.22 |
| Short Interest | 2.63M |
| 52W High | 18.00 -40.56% |
| 52W Low | 8.94 19.62% |
| Volatility | 7.99% 5.40% |
| ATR (14) | 0.78 |
| RSI (14) | 29.55 |
| Beta | -0.59 |
| Rel Volume | 0.49 |
| Avg Volume | 623.92K |
| Volume | 15,188 |
Performance
| Perf Week | -16.14% |
|---|---|
| Perf Month | -20.27% |
| Perf Quarter | -21.15% |
| Perf Half Y | -7.44% |
| Perf YTD | -35.15% |
| Perf Year | -5.89% |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.23 |
| Target Price | 17.33 |
| Prev Close | 10.76 |
| Price | 10.70 |
| Change % | -0.56% |
Analyst ratings
latest 10 of 13| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Aug 18, 2025 | Initiated | WWilliam Blair | Outperform | ||
| Aug 18, 2025 | Initiated | UUBS | Neutral | $15 | +40.2% |
| Aug 18, 2025 | Initiated | SStifel | Buy | $19 | +77.6% |
| Aug 18, 2025 | Initiated | RRothschild & Co Redburn | Buy | $28.60 | +167.3% |
| Aug 18, 2025 | Initiated | RRobert W. Baird | Outperform | $21 | +96.3% |
| Aug 18, 2025 | Initiated | NNeedham | Buy | $19 | +77.6% |
| Aug 18, 2025 | Initiated | MMorgan Stanley | Overweight | $20 | +86.9% |
| Aug 18, 2025 | Initiated | MMacquarie | Outperform | $19 | +77.6% |
| Aug 18, 2025 | Initiated | JJP Morgan | Overweight | $21 | +96.3% |
| Aug 18, 2025 | Initiated | GGoldman | Buy | $27 | +152.3% |
Peers
Mkt capInsider trading
3 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Moyer Philip D | See Remarks | Jun 15 '26 | Buy | 11.12 | 22,421 | 249,322 | 516,768 | Jun 16 04:15 PM |
| REINEMUND STEVEN | Director | Feb 17 '26 | Buy | 13.70 | 58,000 | 794,600 | 73,710 | Feb 19 04:15 PM |
| REINEMUND STEVEN | Director | Nov 14 '25 | Buy | 15.03 | 15,710 | 236,121 | 15,710 | Nov 18 05:30 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 79.59B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VBR | Vanguard Morningstar Small-Cap Value ETF | AUM: 37.76B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.06B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| VFVA | Vanguard U.S. Value Factor ETF | AUM: 984.27M |
| PRFZ | Invesco RAFI US 1500 Small-Mid ETF | AUM: 2.66B |
News
latest 14 of 103- McGraw Hill, Inc. to Participate in Upcoming Conference (Business Wire)
- McGraw Hill, Inc. to Host Investor Day on November 18, 2026 (Business Wire)
- McGraw Hill Edges Past Estimates And Holds Guidance, But K-12 Math Weakness And A Sharp Slowdown In Recurring Growth Shift The Story To FY2028 (Earnings Whispers) -11.99%
- McGraw Hill Integrates Trusted K-12 Curriculum into Anthropic's Claude for Teachers (Business Wire)
- McGraw Hill, Inc. Reports Fiscal Second Quarter 2027 Results (Business Wire)
- Loading…
- McGraw Hill Integrates Trusted Content into AI Platform Developed by University of California, San Francisco School of Medicine (Business Wire)
- McGraw Hill Announces Agentic AI Education Plugin for Microsoft Copilot (Business Wire)
- McGraw Hill's Fall Enrollment Test Arrives As Stock Rally Raises Stakes For Reaffirmed Outlook (Earnings Whispers)
- McGraw Hill Expands AI-Powered Study and Student Engagement Tools for Higher Education (Business Wire)
- McGraw Hill, Inc. Announces Successful Completion of Refinancing Transactions (Business Wire)
- McGraw Hill to Release Fiscal Second Quarter 2027 Financial Results and Host Webcast on November 5, 2026 (Business Wire)
- McGraw Hill, Inc. Announces Further Deleveraging with Additional $50 Million of Debt Reduction (Business Wire)
- McGraw Hill, Inc. Announces Proposed Offering of Senior Secured Notes and Refinancing of Credit Facilities (Business Wire) -7.01%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-11-05 | 0.750 | 0.716 | 0.450 | 632.21 | 629.28 | 12 |
| 2026Q1 | 2026-08-13 | 0.590 | 0.477 | 0.302 | 549.9 | 532.02 | 12 |
| 2025Q4 | 2026-06-11 | 0.320 | 0.166 | -0.263 | 463.72 | 439.93 | 12 |
| 2025Q3 | 2026-02-11 | 0.280 | 0.104 | -0.106 | 434.16 | 410.78 | 11 |
| 2025Q2 | 2025-11-12 | 1.400 | 0.387 | 0.551 | 669.19 | 642.23 | 12 |
| 2025Q1 | 2025-08-14 | 0.000 | - | 0.003 | 535.71 | - | - |
| 2024Q4 | 2025-05-28 | -1.279 | - | -0.821 | 473.28 | - | - |
| 2026Q3 | - | - | 0.155 | - | - | 420.3 | 12 |
| 2026Q4 | - | - | 0.455 | - | - | 543.31 | 12 |
| 2027Q1 | - | - | 0.575 | - | - | 572.68 | 7 |
| 2027Q2 | - | - | 0.743 | - | - | 668.83 | 7 |
| 2027Q3 | - | - | 0.244 | - | - | 450.33 | 6 |
| 2027Q4 | - | - | 0.445 | - | - | 558.65 | 6 |
| 2028Q1 | - | - | 0.534 | - | - | 594.63 | 2 |
| 2028Q2 | - | - | 0.736 | - | - | 678.1 | 2 |
| 2028Q3 | - | - | 0.272 | - | - | 443.79 | 2 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2024FY | 1.224 | - | -0.449 | 2,101 | - |
| 2025FY | 2.040 | 1.837 | 0.190 | 2,103 | 2,081 |
| 2026FY | - | 1.964 | - | - | 2,145 |
| 2027FY | - | 1.968 | - | - | 2,246 |
| 2028FY | - | 1.983 | - | - | 2,328 |
| 2029FY | - | 1.953 | - | - | 2,378 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-11-09 | 11 | 0 | 11 | 420.3 | 401.8 | 439.2 |
| 2026Q3 | S | 2026-11-06 | 11 | 0 | 11 | 420.33 | 401.8 | 439.2 |
| 2026Q3 | S | 2026-11-05 | 11 | 0 | 9 | 429.16 | 401.8 | 466.42 |
| 2026Q3 | S | 2026-10-27 | 11 | 0 | 0 | 460.12 | 446.7 | 466.9 |
| 2026Q3 | S | 2026-08-26 | 11 | 8 | 0 | 460.12 | 446.7 | 466.9 |
| 2026Q3 | S | 2026-08-25 | 11 | 9 | 0 | 460.12 | 446.7 | 466.9 |
| 2026Q3 | S | 2026-08-14 | 11 | 11 | 0 | 460.12 | 446.7 | 466.9 |
| 2026Q3 | S | 2026-08-13 | 11 | 11 | 0 | 459.79 | 446.7 | 466.9 |
| 2026Q3 | S | 2026-06-12 | 11 | 6 | 3 | 450.74 | 437.76 | 463 |
| 2026Q3 | S | 2026-06-11 | 11 | 5 | 3 | 450.08 | 437.76 | 463 |
| 2026Q3 | S | 2026-06-10 | 10 | 1 | 1 | 440.71 | 386.9 | 456.08 |
| 2026Q3 | S | 2026-06-02 | 10 | 1 | 1 | 440.71 | 386.9 | 456.08 |
| 2026Q3 | S | 2026-05-13 | 10 | 1 | 2 | 440.71 | 386.9 | 456.08 |
| 2026Q3 | S | 2026-04-28 | 10 | 1 | 1 | 441.42 | 394.03 | 456.08 |
Estimate history
| EPS, annual | -2.116 | -1.011 | -0.449 | 0.192 | 0.3847 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| EPS, quarterly | 0.698 | -0.277 | -0.821 | 0.003 | 0.551 | -0.106 | -0.263 | 0.302 | 0.451 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 1947.773 | 1960.478 | 2101.299 | 2102.781 | 2079.99 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | TTM | ||||
| Sales, quarterly | 688.59 | 416.493 | 473.262 | 535.71 | 669.187 | 434.162 | 463.722 | 549.903 | 632.206 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 191.002 | 191.002 | 191.002 | 191.146 | 191.309 | ||||
| Period | 2022 | 2023 | 2024 | 2025 | MRQ | ||||
| Shares, quarterly | 191.002 | 191.002 | 191.002 | 166.612 | 191.002 | 191.002 | 191.146 | 191.276 | 191.309 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Total Revenue | 2,079.99 | 2,102.78 | 2,101.30 | 1,960.48 | 1,947.77 |
| Cost of Goods Sold Incl. D&A | 744.18 | 763.06 | 784.65 | 786.71 | 836.44 |
| Gross Profit | 1,335.81 | 1,339.72 | 1,316.65 | 1,173.77 | 1,111.33 |
| Selling, General and Administrative Excl. Other | 1,002.01 | 1,011.58 | 985.00 | 938.78 | 961.29 |
| Research and Development | 270.25 | 276.25 | 284.43 | 263.42 | 278.10 |
| Other Operating Expense | 0.00 | 0.00 | -2.77 | -10.57 | -0.90 |
| Operating Income | 333.80 | 328.15 | 334.42 | 245.55 | 150.94 |
| Interest Expense | 184.56 | 207.23 | 293.45 | 326.44 | 278.22 |
| Unusual Expense | 65.61 | 77.13 | 30.33 | 86.84 | 326.56 |
| Net Income Before Taxes | 83.63 | 43.79 | 10.64 | -167.72 | -453.84 |
| Income Taxes | 9.85 | 8.47 | 96.48 | 25.29 | -49.73 |
| Consolidated Net Income | 73.77 | 35.32 | -85.84 | -193.02 | -404.10 |
| Net Income From Continuing Operations | 73.77 | 35.32 | -85.84 | -193.02 | -404.10 |
| Net Income | 73.77 | 35.32 | -85.84 | -193.02 | -404.10 |
| EPS (Recurring) | 0.63 | 0.49 | -0.34 | -0.69 | -0.92 |
| EPS (Basic, Before Extraordinaries) | 0.39 | 0.19 | -0.45 | -1.01 | -2.12 |
| EPS (Diluted) | 0.38 | 0.19 | -0.45 | -1.01 | -2.12 |
| EBITDA | 776.81 | 766.25 | 772.69 | 687.26 | 592.23 |
| Non-Operating Income (Expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 7.29 | 26.64 | - | - | - |
| Price To Earnings Ratio | 27.97 | 27.97 | - | - | - |
| Price To Sales Ratio | 1.21 | 1.20 | - | - | - |
| Gross Margin | 64.22 | 63.71 | 62.66 | 59.87 | 57.06 |
| Operating Margin | 16.05 | 15.61 | 15.91 | 12.53 | 7.75 |
| Net Margin | 3.55 | 1.68 | -4.09 | -9.85 | -20.75 |
| Shares Outstanding | 191.31 | 191.15 | 191.00 | 191.00 | 191.00 |
| Market Capitalization | 2,058.66 | 2,058.66 | 2,532.69 | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 632.21 | 549.90 | 463.72 | 434.16 | 669.19 | 535.71 | 473.26 | 416.49 |
| Cost of Goods Sold Incl. D&A | 230.08 | 194.18 | 160.41 | 159.51 | 231.90 | 211.24 | 152.96 | 142.24 |
| Gross Profit | 402.12 | 355.72 | 303.32 | 274.65 | 437.29 | 324.47 | 320.31 | 274.25 |
| Selling, General and Administrative Excl. Other | 256.60 | 237.69 | 267.90 | 239.81 | 278.82 | 225.04 | 292.54 | 250.09 |
| Research and Development | 69.26 | 59.84 | 73.63 | 67.52 | 69.65 | 65.46 | - | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | 145.52 | 118.03 | 35.41 | 34.83 | 158.47 | 99.43 | 27.77 | 24.16 |
| Interest Expense | 46.28 | 45.77 | 45.15 | 47.36 | 55.94 | 58.77 | 63.55 | 68.88 |
| Unusual Expense | 6.24 | 3.75 | 43.00 | 12.62 | 18.30 | 3.21 | 0.00 | 0.00 |
| Net Income Before Taxes | 93.00 | 68.51 | -52.74 | -25.15 | 84.22 | 37.45 | -35.77 | -44.72 |
| Income Taxes | 6.62 | 10.65 | -2.47 | -4.95 | -21.06 | 36.95 | 121.09 | 8.21 |
| Consolidated Net Income | 86.38 | 57.86 | -50.27 | -20.20 | 105.28 | 0.50 | -156.87 | -52.93 |
| Net Income From Continuing Operations | 86.38 | 57.86 | -50.27 | -20.20 | 105.28 | 0.50 | -156.87 | -52.93 |
| Net Income | 86.38 | 57.86 | -50.27 | -20.20 | 105.28 | 0.50 | -156.87 | -52.93 |
| EPS (Recurring) | 0.47 | 0.32 | -0.11 | -0.06 | 0.62 | 0.02 | -0.82 | -0.28 |
| EPS (Basic, Before Extraordinaries) | 0.45 | 0.30 | -0.26 | -0.11 | 0.55 | 0.00 | -0.82 | -0.28 |
| EPS (Diluted) | 0.45 | 0.30 | -0.26 | -0.11 | 0.55 | 0.00 | -0.82 | -0.28 |
| EBITDA | 267.85 | 239.54 | 129.52 | 139.90 | 274.88 | 221.95 | 102.33 | 101.14 |
| Non-Operating Income (Expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 1.31 | 3.07 | 2.27 | 0.65 | 24.55 | - | - | - |
| Price To Earnings Ratio | 27.97 | 51.08 | - | - | - | - | - | - |
| Price To Sales Ratio | 1.21 | 0.86 | 1.24 | 1.49 | 1.14 | - | - | - |
| Gross Margin | 63.61 | 64.69 | 65.41 | 63.26 | 65.35 | 60.57 | 67.68 | 65.85 |
| Operating Margin | 23.02 | 21.46 | 7.64 | 8.02 | 23.68 | 18.56 | 5.87 | 5.80 |
| Net Margin | 13.66 | 10.52 | -10.84 | -4.65 | 15.73 | 0.09 | -33.15 | -12.71 |
| Shares Outstanding | 191.31 | 191.28 | 191.15 | 191.00 | 191.00 | 166.61 | 191.00 | 191.00 |
| Market Capitalization | 2,058.66 | 1,811.38 | 2,616.73 | 3,151.53 | 2,397.08 | 2,614.82 | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|
| Cash & Short Term Investments | 253.52 | 389.83 | 203.62 | - |
| Short Term Receivables | 362.48 | 338.43 | 340.42 | - |
| Inventories | 195.02 | 174.02 | 213.88 | - |
| Other Current Assets | 67.60 | 51.72 | 51.00 | - |
| Total Current Assets | 878.63 | 954.00 | 808.92 | - |
| Net Property, Plant & Equipment | 135.26 | 144.86 | 162.05 | - |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | - |
| Intangible Assets | 4,035.82 | 4,233.96 | 4,439.52 | - |
| Deferred Tax Assets | 8.57 | 7.98 | 6.35 | - |
| Other Assets | 427.25 | 416.96 | 391.33 | - |
| Total Assets | 5,485.52 | 5,757.76 | 5,808.16 | - |
| Short Term Debt Incl. Current Port. of LT Debt | 27.71 | 25.84 | 38.88 | - |
| Accounts Payable | 126.70 | 146.74 | 110.05 | - |
| Income Tax Payable | 7.38 | 59.80 | 13.35 | - |
| Other Current Liabilities | 1,104.76 | 1,098.04 | 980.79 | - |
| Total Current Liabilities | 1,266.55 | 1,330.42 | 1,143.08 | - |
| Long Term Debt | 2,627.89 | 3,234.87 | 3,497.26 | - |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | - |
| Deferred Tax Liabilities | 15.21 | 15.66 | 15.40 | - |
| Other Liabilities | 849.65 | 896.58 | 783.66 | - |
| Total Liabilities | 4,759.30 | 5,477.52 | 5,439.41 | - |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | - |
| Common Equity | 726.22 | 280.24 | 368.75 | - |
| Total Shareholders Equity | 726.22 | 280.24 | 368.75 | - |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | - |
| Total Equity | 726.22 | 280.24 | 368.75 | - |
| Total Liabilities & Stockholders Equity | 5,485.52 | 5,757.76 | 5,808.16 | - |
| Book Value Per Share | 3.80 | 1.47 | 1.93 | - |
| Tangible Book Value Per Share | -17.31 | -20.70 | -21.31 | - |
| Full-Time Employees | 4,400 | 4,200 | - | - |
| Price to Book Ratio | 2.35 | 3.27 | - | - |
| Return on Assets | 0.63 | -1.48 | - | - |
| Return on Equity | 7.02 | -26.45 | - | - |
| Return on Invested Capital | 1.05 | -2.44 | -4.99 | - |
| Quick Ratio | 0.54 | 0.59 | 0.52 | - |
| Current Ratio | 0.69 | 0.72 | 0.71 | - |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY |
|---|---|---|---|---|---|
| Net Income | 73.77 | 35.32 | -85.84 | -193.02 | -404.10 |
| Depreciation | 443.01 | 438.10 | 438.28 | 441.71 | 441.29 |
| Other Funds (Non Cash) | 110.82 | 150.38 | 69.04 | 128.16 | 401.18 |
| Funds from Operations | 621.55 | 622.75 | 420.01 | 346.41 | 378.88 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -268.62 | -291.57 | 226.27 | -110.26 | -122.26 |
| Cash from Operating Activities | 352.92 | 331.17 | 646.28 | 236.16 | 256.62 |
| Capital Expenditures | -240.47 | -203.86 | -161.06 | -156.61 | -140.56 |
| Net Assets From Acquisitions | -29.20 | 0.00 | -6.00 | 0.00 | -21.76 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 20.50 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -269.67 | -203.86 | -167.06 | -136.11 | -162.32 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 1.48 | 387.32 | 0.00 | 0.00 | 13.26 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 1.48 | 387.32 | 0.00 | 0.00 | 13.26 |
| Proceedsfrom Stock Options | -0.35 | 387.32 | 0.00 | 0.00 | 13.26 |
| Issuance or Reduction of Debt, Net | -309.35 | -645.47 | -294.68 | -77.24 | -124.52 |
| Change in Long Term Debt | -309.35 | -645.47 | -294.68 | -77.24 | -124.52 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 625.97 | 30.00 | 0.00 |
| Reduction of Long Term Debt | -309.35 | -645.47 | -920.65 | -107.24 | -124.52 |
| Net Financing Active Other Cash Flow | -0.91 | 0.00 | 0.00 | 0.00 | -93.31 |
| Other Financing Activities Uses | -0.91 | 0.00 | 0.00 | 0.00 | -93.31 |
| Cash from Financing Activities | -315.50 | -264.87 | -294.68 | -77.24 | -204.57 |
| Exchange Rate Effect | 2.02 | 1.25 | 1.67 | -0.66 | -4.63 |
| Net Change in Cash | -230.23 | -136.31 | 186.21 | 22.14 | -114.90 |
| Free Cash Flow | 256.22 | 246.31 | 575.22 | 154.20 | 186.58 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | 9.80 | 10.22 | - | - | - |
| Deferred Taxes & Investment Tax Credit | - | -1.05 | -1.47 | -30.44 | -59.49 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 232.96 | 193.64 | 253.52 | 514.39 | 463.19 | 247.33 |
| Short Term Receivables | 644.84 | 377.88 | 362.48 | 242.33 | 666.77 | 444.69 |
| Inventories | 159.35 | 183.21 | 195.02 | 169.67 | 132.96 | 160.72 |
| Other Current Assets | 58.51 | 55.57 | 67.60 | 54.22 | 52.97 | 56.49 |
| Total Current Assets | 1,095.66 | 810.30 | 878.63 | 980.61 | 1,315.89 | 909.23 |
| Net Property, Plant & Equipment | 136.33 | 135.73 | 135.26 | 138.26 | 145.51 | 146.43 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 3,993.62 | 4,003.18 | 4,035.82 | 4,098.28 | 4,138.72 | 4,187.34 |
| Deferred Tax Assets | 8.44 | 8.55 | 8.57 | 7.14 | 7.04 | 7.12 |
| Other Assets | 475.82 | 420.89 | 427.25 | 419.76 | 438.23 | 411.34 |
| Total Assets | 5,709.87 | 5,378.65 | 5,485.52 | 5,644.05 | 6,045.39 | 5,661.47 |
| Short Term Debt Incl. Current Port. of LT Debt | 26.27 | 27.07 | 27.71 | 27.16 | 25.71 | 26.28 |
| Accounts Payable | 116.36 | 118.74 | 126.70 | 113.13 | 125.70 | 117.14 |
| Income Tax Payable | 18.76 | 14.96 | 7.38 | 4.68 | 12.12 | 43.79 |
| Other Current Liabilities | 1,243.84 | 984.43 | 1,104.76 | 1,137.10 | 1,246.16 | 1,011.79 |
| Total Current Liabilities | 1,405.23 | 1,145.21 | 1,266.55 | 1,282.07 | 1,409.68 | 1,199.00 |
| Long Term Debt | 2,576.57 | 2,626.73 | 2,627.89 | 2,673.48 | 2,865.81 | 3,237.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 15.71 | 15.44 | 15.21 | 16.40 | 15.83 | 15.01 |
| Other Liabilities | 835.29 | 802.88 | 849.65 | 896.76 | 959.47 | 927.20 |
| Total Liabilities | 4,832.80 | 4,590.26 | 4,759.30 | 4,868.70 | 5,250.80 | 5,378.20 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 877.07 | 788.39 | 726.22 | 775.34 | 794.59 | 283.26 |
| Total Shareholders Equity | 877.07 | 788.39 | 726.22 | 775.34 | 794.59 | 283.26 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 877.07 | 788.39 | 726.22 | 775.34 | 794.59 | 283.26 |
| Total Liabilities & Stockholders Equity | 5,709.87 | 5,378.65 | 5,485.52 | 5,644.05 | 6,045.39 | 5,661.47 |
| Book Value Per Share | 4.58 | 4.12 | 3.80 | 4.06 | 4.16 | 1.70 |
| Tangible Book Value Per Share | -16.29 | -16.81 | -17.31 | -17.40 | -17.51 | -23.43 |
| Full-Time Employees | - | - | 4,400 | - | - | - |
| Price to Book Ratio | 2.35 | 2.49 | 3.37 | 3.97 | 7.38 | 8.05 |
| Return on Assets | 1.26 | 1.68 | - | - | - | - |
| Return on Equity | 8.83 | 17.30 | - | - | - | - |
| Return on Invested Capital | 2.50 | 1.69 | -1.50 | -0.59 | 2.88 | 0.01 |
| Quick Ratio | 0.67 | 0.55 | 0.54 | 0.63 | 0.84 | 0.62 |
| Current Ratio | 0.78 | 0.71 | 0.69 | 0.76 | 0.93 | 0.76 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 86.38 | 57.86 | -50.27 | -20.20 | 105.28 | 0.50 |
| Depreciation | 122.33 | 121.52 | 94.10 | 105.07 | 116.41 | 122.52 |
| Other Funds (Non Cash) | 19.65 | 18.63 | 56.65 | 15.89 | 64.60 | 13.24 |
| Funds from Operations | 224.04 | 198.26 | 98.59 | 100.66 | 286.37 | 137.13 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -34.56 | -197.66 | -244.71 | 208.31 | -21.39 | -233.78 |
| Cash from Operating Activities | 189.48 | 0.60 | -146.12 | 308.97 | 264.98 | -96.65 |
| Capital Expenditures | -64.87 | -58.29 | -66.14 | -51.16 | -47.48 | -39.07 |
| Net Assets From Acquisitions | -29.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -94.07 | -58.29 | -66.14 | -51.16 | -47.48 | -39.07 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 1.83 | 1.50 | -1.85 | 390.05 | -2.37 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 1.83 | 1.50 | -1.85 | 390.05 | -2.37 |
| Proceedsfrom Stock Options | -1.83 | 1.83 | 1.50 | -1.85 | 390.05 | -2.37 |
| Issuance or Reduction of Debt, Net | -54.93 | -4.98 | -43.98 | -205.46 | -391.02 | -5.01 |
| Change in Long Term Debt | -54.93 | -4.98 | -43.98 | -205.46 | -391.02 | -5.01 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -54.93 | -4.98 | -43.98 | -205.46 | -391.02 | -5.01 |
| Net Financing Active Other Cash Flow | -0.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | -0.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -55.83 | -3.15 | -49.20 | -207.31 | -0.97 | -7.38 |
| Exchange Rate Effect | -0.25 | 0.96 | 0.60 | 0.71 | -0.68 | 0.61 |
| Net Change in Cash | 39.32 | -59.88 | -260.87 | 51.20 | 215.86 | -142.50 |
| Free Cash Flow | 164.09 | -23.33 | -169.95 | 285.40 | 243.79 | -112.94 |
| Price to Free Cash Flow | 9.80 | 5.39 | 10.63 | - | - | - |
Revenue breakdown
| Digital | 2024: 1.36B 2025: 1.43B |
|---|---|
| 2024: 741.97M 2025: 669.13M | |
| Non-US | 2024: 204.84M 2025: 191.14M |
| United States | 2024: 1.90B 2025: 1.91B |
| Consolidation, Policy | 2024: -2.79M 2025: 2.59M |
| Global Professional | 2024: 149.59M 2025: 150.08M |
| Higher Education | 2024: 782.61M 2025: 878.95M |
| International | 2024: 201.40M 2025: 186.69M |
| K-2 | 2024: 970.48M 2025: 884.48M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 10.79% | 2.6M | 24.4M | 573.40K |
| 2026-10-15 | 10.56% | 2.6M | 24.4M | 605.42K |
| 2026-09-30 | 11.31% | 2.8M | 24.4M | 662.18K |
| 2026-09-15 | 9.62% | 2.3M | 24.4M | 776.51K |
| 2026-08-31 | 9.58% | 2.3M | 24.4M | 806.27K |
| 2026-08-14 | 8.46% | 2.1M | 24.4M | 772.67K |
| 2026-07-31 | 8.52% | 2.1M | 24.5M | 712.44K |
| 2026-07-15 | 8.68% | 2.1M | 24.5M | 694.18K |
| 2026-06-30 | 7.57% | 1.9M | 24.5M | 592.68K |
| 2026-06-15 | 13.80% | 3.2M | 23.5M | 430.11K |
| 2026-05-29 | 12.91% | 3.2M | 24.9M | 394.37K |
| 2026-05-15 | 13.05% | 3.3M | 24.9M | 404.01K |
| 2026-04-30 | 14.33% | 3.6M | 24.9M | 516.99K |
| 2026-04-15 | 15.59% | 3.9M | 24.9M | 541.83K |
| 2026-03-31 | 16.58% | 4.1M | 24.9M | 621.31K |
| 2026-03-13 | 15.58% | 3.9M | 24.9M | 660.27K |
| 2026-02-27 | 16.69% | 4.2M | 24.9M | 656.82K |
| 2026-02-13 | 16.93% | 4.2M | 24.9M | 708.31K |
| 2026-01-30 | 15.04% | 3.8M | 25.0M | 646.88K |
| 2026-01-15 | 11.41% | 2.9M | 25.0M | 623.35K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.00 | 0.00 | 11.34 | - | 7.00 | 0.00 | - | - | - |
| call | 5.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 7.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 10.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 12.50 | 0.00 | 0.00 | 2.62 | - | 0.00 | 0.00 | - | - | - |
| call | 15.00 | 0.00 | 0.00 | 0.70 | - | 7.00 | 0.00 | - | - | - |
| call | 17.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 20.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 22.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| call | 25.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 2.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 5.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 7.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 10.00 | 0.00 | 0.00 | 0.40 | - | 120 | 0.00 | - | - | - |
| put | 12.50 | 0.00 | 0.00 | 2.05 | - | 124 | 0.00 | - | - | - |
| put | 15.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 17.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 20.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 22.50 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
| put | 25.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - | - |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-10-09 | 8-K | Current report | 2026-10-09 | SEC |
| 2026-09-25 | 8-K | Current report | 2026-09-25 | SEC |
| 2026-08-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-13 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-08-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-11 | SEC |
| 2026-08-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-11 | SEC |
| 2026-08-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-11 | SEC |
| 2026-08-13 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-11 | SEC |
| 2026-08-05 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-08-03 | S-3/A | SEC | ||
| 2026-07-24 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-06-25 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-06-25 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-08-11 | SEC |
| 2026-06-25 | ARS | Annual report to security holders. | 2026-03-31 | SEC |
| 2026-06-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-15 | SEC |
| 2026-06-11 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-06-11 | 8-K | Current report | 2026-06-11 | SEC |
| 2026-04-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-01 | SEC |
| 2026-04-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-01 | SEC |
| 2026-04-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-01 | SEC |
| 2026-04-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-01 | SEC |
| 2026-04-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-01 | SEC |
| 2026-02-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-02-17 | SEC |
| 2026-02-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-02-09 | SEC |
| 2026-02-18 | 3 | Initial statement of beneficial ownership of securities | 2026-02-09 | SEC |
| 2026-02-11 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-02-11 | 8-K | Current report | 2026-02-11 | SEC |
| 2026-02-09 | 3 | Initial statement of beneficial ownership of securities | 2026-02-09 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 249.32K | 1 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 794.60K | 1 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 236.12K | 1 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Platinum Equity Advisors, LLC/DE | 86.35% |
| AMERICAN CENTURY COMPANIES INC | 2.34% |
| BlackBarn Capital Partners LP | 1.28% |
| Nuveen, LLC | 0.96% |
| BlackRock, Inc. | 0.91% |
| JPMORGAN CHASE & CO | 0.87% |
| T. Rowe Price Investment Management, Inc. | 0.84% |
| Alyeska Investment Group, L.P. | 0.79% |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 0.70% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 0.65% |
Funds
| Fund | % owned |
|---|---|
| Small Cap Value Fund | 1.26% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 0.47% |
| T. Rowe Price Mid-Cap Growth Fund, Inc. | 0.45% |
| iShares Russell 2000 ETF | 0.35% |
| VANGUARD SMALL-CAP INDEX FUND | 0.34% |
| Bridge Builder Small/Mid Cap Value Fund | 0.31% |
| VANGUARD SMALL-CAP VALUE INDEX FUND | 0.22% |
| JPMorgan Small Cap Value Fund | 0.20% |
| JPMorgan U.S. Small Company Fund | 0.16% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.15% |
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